75 Southgate and 3, 5a, 5b Boston Road, Sleaford, Lincolnshire NG34 7ER

A mixed use investment opportunity located on the corner of Southgate and Boston Road comprising two commercial tenants along with residential accommodation above, giving a total gross income of £30,960pa with scope to increase to circa £36,000pa at full market rents.

The premises comprises a two story brick built Victorian era building situated within a prominent location at the end of a parade of units fronting Southgate and on the junction with Boston Road.

The property is let to separate 4 tenants. More detailed information can be obtained within the legal pack as to the lease and AST details.

3 Boston Road is held on a lease with rent passing £4,200pa and is trading as a men's barber shop with a new lease commencing 01/09/25 for a 4 year term.

5a Boston Road comprises an apartment secured on an assured shorthold agreement commencing 24th April 2025 with rent passing £480pcm.

5b Boston Road comprises an apartment secured on an assured shorthold agreement commencing on 01 October 2025 for a term of 12 months with rent passing £500 pcm.

75 Southgate is held on a 10 year lease, having current rent passing of £15,000pa with tenant Sequence (UK) Ltd (WH Brown estate agents) until 2030.

The property is situated in the market town of Sleaford. Nearby occupiers include Costa, Boots and Greggs. Sleaford is situated approximately 14 miles north east of Grantham, 18 miles south of Lincoln and 17 miles west of Boston.

Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 3.6% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.